Iceni Gold Limited announced that Gold nuggets have been found across the 14 Mile Well project, most notably in the Guyer North prospect, where over 600 gold nuggets have been recovered over a strike length of 5kms. Evidence of historic gold workings has been found within the Guyer North prospect area. These workings are located on both sides of the prominent north-northwest trending ridge. This ridge runs along the length of the coincident gold nugget and UFF+ Au soil anomalies at Guyer North.

The Guyer Ridge forms a prominent topographic anomaly that correlates with a linear magnetic trend and a coincident linear gravity anomaly. Significantly the UFF+ gold soil anomalism and gold nuggets occur on both sides of these coincident anomalies. The nuggets display an assemblage of textures that indicate some surface transport, supergene enrichment and the preservation of primary textures.

The presence of angular gold fragments, crystalline gold and attached pieces of the quartz vein host suggest the gold nuggets have not travelled far from source. Outcrop of the BIF has been found along strike a further 3kms to the north-northwest extending from the Guyer Central prospect into the Guyer North prospect. To the south the BIF trend is anomalous in gold and pathfinder elements.

To the north it appears to be associated with the coincident gold nugget, UFF+ and geophysical anomalies. Further field work continues to determine the relationship between these features in the Guyer North prospect area.